Following a 6.42% rally on Friday (May 3), BTC ended the session at $63,928. Investors continued to respond to the US Jobs Report. Softer-than-expected wage growth and nonfarm payroll numbers refueled investor bets on a September Fed rate cut.

Experts like Tom Lee believe Bitcoin will climb higher Metrics suggested the market hasn't bottomed yet in light of the persistent sell-side pressure The last few weeks have been very critical for Bitcoin [BTC], with its price dropping below the critical $60,000-level too. However, following significant corrections, the coin recovered on the charts to trade at $63,167 at the time of writing. BTC's 6% hike over a period of just 24 hours points to a potential reversal in the cryptocurClick here to read the full story.

Bitcoin (BTC) price extended it May 2024 rebound to 8% on Friday, surging above $61,000 for the first time in 5 days, derivatives traders reaction to the underwhelming US Non-Farm Payrolls report could drive prices further upward.